simple short day tradeIf you missed it, you can enter later if any chance it bounce back up, but definitely not jump in and regret
Entry: 0.91662
TP: 0.915
SL: above 4H sell zone, mine is at 0.9171 tight SL but this is a scalp trade, so RR is more important - adjust it higher if you want higher protection
TP: 0.915; if you hold, you can target 0.91213 and lower
GL
Audcadshort
AUDCAD Setting Up for a 1,000 Pip Move?Hey hey.
My name is Kaci.
In this video, I complete a top down analysis of AUDCAD.
I take a bird's eye view of the longer term move in the market.
In this video, I use fibonacci retracement and extension tool to help me determine my bias.
Right now, I believe we are in a down retracement and price on the weekly has not hit one of our key levels, 38.2, 50. or 61.8.
However, price has hit an extension to the downside off of a shallow retracement.
I believe we may see a short term move to the upside before a longer term move to the downside.
What's your bias on this pair?
AUDCAD - Bearish BiasAUD - Weak Bearish
1️⃣ RBA minutes indicate that the central bank will keep interest rates at least until 2024.
2️⃣ The RBA expects that there will be an economic contraction in the third quarter, and board members agree that the period of recovery in economic activity will be heavily dependent on the removal of sanctions.
3️⃣ Iron ore prices declined due to concerns about global growth.
CAD - Strong Bullish
1️⃣ The recovery in crude oil prices gave support to the CAD.
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Technical
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We are selling AUDCAD after it failed to break resistance.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
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AUD/CAD : SWING OPPORTUNITY | SHARK PATTERN | SHORT VIEW 🔔Welcome back Traders, Investors, and Community!
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AUD/CAD Create ab=cd Pattern......SELL
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AUDCADIn AUDCAD we can see price rallied and now pause near strong resistance and trendline also 200EMA in 4h chart so here you can see when market open on monday after breakout of friday lows you can entr short position your SL above previous week high above reistance 200ema and i mentioned the profit targets.
AUDCAD, Short from resistance zoneHello traders, Everything is clear on the chart for you like always. A fall is expected from this level to the support line as our target. Good luck.
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Aud/Cad (Falling Wedge Reversal Pattern)1.The Daily Chart has a falling wedge reversal pattern
2. Price failed to make a new low and is moving up right now on the hour 1 chart.
3. Price found support at a area where price has turned before in the past.
4. Price is oversold on all oscillators and the RSI.